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Skills Level 1

Accounting Essentials

Assesses core accounting knowledge and the ability to apply accounting principles correctly, across five areas: accounting principles and concepts; journal entries and ledger posting; trial balance and error identification; financial statements and basic adjustments; debit-credit rules and account classification.

  • 25 questions
  • 25 min
  • 5 areas
Start now Get your instant report 1 credit per attempt

Code ACCTE · Accounting series

1 Answer 25 questions 25 min with a timer, on phone or laptop.
2 Get your report instantly Scores, strengths and what to work on, the moment you finish.
3 Share your certificate Add it to LinkedIn or your CV, with a link anyone can verify.

What it measures

Overall accounting essentials Average of the five areas.

1 Accounting principles and concepts Knowing the basic concepts and conventions that decide how transactions are recorded.
2 Journal entries and ledger posting Recording transactions as correct journal entries and posting them to the ledger.
3 Trial balance and error identification Preparing a trial balance and finding and correcting common errors.
4 Financial statements and basic adjustments Preparing the profit and loss account and balance sheet, with common year-end adjustments.
5 Debit-credit rules and account classification Classifying accounts correctly and applying the debit and credit rules.

Your instant report

  • Overall accounting score and band
  • Scores for each of the five areas
  • Strengths and tips for each area
  • Certificate of completion

Taking it on your own? The report and certificate open the moment you finish. When an organization runs it, the organization decides when to share them.

Who it is for

Accounting beginners, commerce students, fresh graduates and junior accounts staff.

Foundation level. Assesses core accounting knowledge and the ability to apply accounting principles correctly. 25 questions in 25 minutes.

  • Accounting
  • Bookkeeping
  • Commerce
  • Finance
  • Financial statements
  • Beginner
Where do you stand? Find out in 25 min. No waiting: your report and certificate are ready the moment you finish.
Start now Get your instant report

How it runs

  1. Practice1 questionWarm-up, not scored
  2. Accounting principles and concepts5 questions
  3. Journal entries and ledger posting5 questions
  4. Trial balance and error identification5 questions
  5. Financial statements and basic adjustments5 questions
  6. Debit-credit rules and account classification5 questions

Question types

Instructions shown before starting

25 questions in 25 minutes, from five areas of accounting. Pick the best answer. Some questions ask you to select all answers that apply. Keep a pen and paper ready for small calculations. There is no penalty for a wrong answer.

Version 2, published 27 Oct 2026.

The Accounting series

Take them in order to build up step by step. See the whole series

  1. Level 1 · You are hereAccounting Essentials
  2. Level 2Practical Accounting SkillsCode ACCTP

Related assessments

Accounting Essentials25 questions · 25 min · 1 credit Start now ⚡

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